So we are evaluating that option to finish up the transmission line, getting some additional power. And

so we are evaluating that option to finish up the transmission line getting some additional power and


partially offset by advisory fees and integration costs from earlier transactions and funding of the TEGNA Foundation.

partially offset by advisory fees and integration costs from earlier transactions and funding of the tegna foundation


Now moving to Premion, a great TEGNA success story of innovation and organic growth.

now moving to premion a great tegna success story of innovation and organic growth


unfortunately, I can't really get into the details of our discussions and negotiations with

unfortunately i can't really get into the details of our discussions and negotiations with


So some of those expenses really started with the deeming regs as we got clarity on some of that regulation.

so some of those expenses really started with the deeming regs as we got clarity on some of that regulation


I should find a percent, I don't know, but nearly all customers either agree to have a limited number of gig per month and then

i should find a percent i don't know but nearly all customers either agree to have a limited number of gig per month and then


is there any change in the competitive environment over the past 3 months, which I think we can safely assume means the mobile

is there any change in the competitive environment over the past 3 months which i think we can safely assume means the mobile


to both sustain a long-term dividend while continuing to reinvest in the growth of the business to achieve our strategic goals.


that has 40 qualified bidders, which is a much broader investor base than either of the past 2 years.

that has 40 qualified bidders which is a much broader investor base than either of the past 2 years


We continue to anticipate bookings ramp in the second half of this fiscal year, and I look forward to updating you on our progress.

we continue to anticipate bookings ramp in the second half of this fiscal year and i look forward to updating you on our progress


Most of what we're talking about does not cost us any money. So it's not as though we're pressured to

most of what we're talking about does not cost us any money so it's not as though we're pressured to


The first one from the previous question. Do you have an idea of what the effective tax rate would be for this year?

the first one from the previous question do you have an idea of what the effective tax rate would be for this year


of our power purchase agreement model. We look forward to his strong contribution to the company as we move forward.

of our power purchase agreement model we look forward to a strong contribution to the company as we move forward


on this team. So I just don't want there to be a sense out there in the investment community or anywhere else

on this team so i just don't want there to be a sense out there in the investment community or anywhere else


including deliver operational excellence by meeting our 2016 operating and financial performance target.


And as you can see from the chart on the right, North Carolina production has increased significantly due to the CommunityOne acquisition.

and as you can see from the chart on the right north carolina production has increased significantly due to the community one acquisition


in terms of not just cost of operating the business but also maybe a more friendly


replacing a portion of those lower-margin products with more attractive papers, including tipping papers

replacing a portion of those lower-margin products with more attractive papers including tipping papers


I think the Enel GP definition of challenging was in front of an acceleration that we have

i think the ngp definition of challenging was in front of an acceleration that we have


expense question, it seems like your cash efficiency really wasn't impaired much

expense question it seems like your cash efficiency really wasn't impaired much


and we will not let you down. We're very bullish on the future, and we're glad you're a part of it. So thank you, and talk to you again soon.

and we will not let you down we're very bullish on the future and we're glad you're a part of it so thank you and talk to you again soon


this year to be from hybrids released in the past 3 years, enabling a favorable mix.

this year to be from hybrids released in the past 3 years enabling a favorable mix


Additionally, to help with the discussion, we have provided a presentation with supplemental information that should be reviewed in conjunction with the earnings release.

additionally to help with the discussion we have provided a presentation with supplemental information that should be reviewed in conjunction with the earnings release


In fact, it was our strongest year since 2005, a meaningful achievement when considering the fact that there were

in fact it was our strongest year since 2005 a meaningful achievement when considering the fact that there were


currency fluctuations and the previously disclosed customer acceleration of orders that occurred in the second quarter.


And it's not uncommon to -- as these programs, especially those that are more novel in nature as Fit for Work is,

and it's not uncommon to as these programs especially those that are more novel in nature as fit-for-work is


and we'll expand that market by capturing some of these patients that don't have an external ventricular drain already placed.


been slightly lower volumes versus last year at the Ericsson contract, which I also think is in effect from

seen slightly lower volumes versus last year at the ericsson contract which i also think is an effect from


in the Data Center cooling market and the build and the construction of data centers around the world.

in the data center cooling market and the build and the construction of data centers around the world


comes from an overall project in manufacturing of increasing utilization of assets.


if the trial would be able to recruit could not be recruited right now because they still haven't

the trial would be able to recruit -- could not be recruited right now because they are still haven't


The strength in our balance sheet provides sufficient capital to support our clinical goals for our PH,

the strength in our balance sheet provides sufficient capital to support our clinical goals for our ph


Also, during the quarter, other operating expenses were impacted by an increase in professional fees.

also during the quarter other operating expenses were impacted by an increase in professional fees


Over the past few days, we have been able to restore power to a number of areas at our site, but portions still remain without power.

over the past few days we have been able to restore power to a number of areas at our site but portions still remain without power


No. I think that what was helpful was when you started to bracket the size of contracts that those customers could give.

no i think that what was helpful is when you started to bracket the size of contracts that those customers could give


and we are addressing this worst performance with the launch of new catalogs for next year in Brazil.

and we are addressing this worse performance with the launch of new catalogs for next year in brazil


And what we've done there is that we've been able to use our low-cost productions that of pricing,

and what we've done there is that we've been able to use our low-cost production instead of pricing


while also returning significant cash to our shareholders. Since we began this journey 3 years ago

while also returning significant cash to our shareholders since we began this journey 3 years ago


Given the recent volatility in the stock, I would like to make some comments regarding the transaction process.

given the recent volatility in the stock i would like to make some comments regarding the transaction process


the negative impacts that we've seen so far. And we're going to continue to manage that and keep a close eye on

the negative impacts that we've seen so far and we're going to continue to manage that and keep a close eye on it


The nice thing to say, the good thing to say is that there's plenty of opportunities out there. There is a

the nice thing to say -- the good thing to say is that there's plenty of opportunities out there there is a


and origination volumes were maintained at levels consistent with our strategic growth objectives and established risk appetite.


So I think where we've entered a new phase in the relationship is where we're able to marry

so i think where we've entered a new phase in the relationship is where we're able to marry


you almost hope that when you have days that you don't have big orders because it's really in our benefit to have.


As we said at the time, this quality property currently has tenants in 94% of the available space.

as we said at the time this quality property currently has tenants in 94% of the available space


Before we begin, I'd like to remind you that various remarks that we make on this call that are not historical, including those about

before we begin i'd like to remind you that various remarks that we make on this call that are not historical including those about


In terms of the overall capital position, we provided a snapshot in the prepared materials which Joe will review.

in terms of the overall capital position we provided a snapshot in the prepared materials which joe will review


or evaluating option strategies, using our technical analysis tools, all from the palm of their hand.

or evaluating option strategies using our technical analysis tools all from the palm of their hand


In the third quarter, we completed our experience update as part of our comprehensive and consistent unlocking process.

in the third quarter we completed our experience update as part of our comprehensive and consistent unlocking process


Comparing the operating cash flows for this half, versus the same period last year, the first thing to highlight

comparing the operating cash flows for this half versus the same period last year the first thing to highlight


do banks have room to actually lower deposit cost if the rate curve stays this way for a prolonged period of time?

do banks have room to actually lower deposit costs if the rate curve stays this way for a prolonged period of time


because we're very early in determining what it is that we want to do here, and once we know that, I promise you we'll be quite clear on what we think the implications are.

because we're very early in determining what it is that we want to do here and once we know that i promise you we'll be quite clear on what we think the implications are


a significant part of the patient population, both within a category and across multiple categories.

a significant part of the patient population both within a category and across multiple categories


and positioned the company in several areas for the success we continue to have today.

and position the company in several areas for the success we continue to have today


It is a great thing for the long-term, but short-term this has taken its toll on our ability to grow.

it is a great thing for the long term but short term this has taken its toll on our ability to grow


that have not been as successful as hoped. What gives you confidence in that channel?

that have not been as successful as hope what gives you confidence in that channel


our best quarterly performance in over a year. Germany's top line result was primarily driven by growth in our subscriber base,

our best quarterly performance in over a year germany's top line result was primarily driven by growth in our subscriber base


For more information on our forward-looking statements and the risks, uncertainties and other factors to which they are subject,

for more information on our forward-looking statements and the risks uncertainties and other factors to which they are subject


Sure. I gave you one little bit of an example just now when I talked about our prospect deck, and that was one of

sure i gave you one little bit of an example just now when i talked about our prospect deck and that was one of


impact now, but a much greater impact as we significantly take those down in the last half of the year. And then

impact now but a much greater impact as we significantly take those down in the last half of the year and then


My team and I are focused on accelerating our path to these opportunities and I look forward to sharing more about our strategy in the months ahead.

my team and i are focused on accelerating our path to these opportunities and i look forward to sharing more about our strategy in the months ahead


how we're spending our money and where we are, those things are all contributing to a really, really nice run for this business.

how we're spending our money and where we are those things are all contributing to a really really nice run for this business


We expect this highly innovative facial cleansing and treatment device to be a key contributor to our business.

we expect this highly innovative facial cleansing and treatment device to be a key contributor to our business


Our investments in innovation are starting to pay off and are critical to future top line growth.

our investments in innovation are starting to pay off and are critical to future top line growth


The verdict will be given to all in this case in February of next year,

the verdict will be given to all in this case in february of next year


be more integrated into our card product. As you can see here, card users will be able to more easily tap into this product,

and will be more integrated into our card product as you can see here card users will be able to more easily tap into this product


We've had a number of customers come back and indicate that they will be needing additional equipment

we have had a number of customers come back and indicate that they will be needing additional equipment


At this point, we would expect that there will continue to be attempts made to increase twin trailer length to 33 foot,

at this point we would expect that there will continue to be attempts made to increase twin trailer length to 33 foot


where we believe our customer shops. And so we're kind of evaluating that now

where we believe our customer shops and so we're kind of evaluating that now


sales. Our focus there outside of that summer jazz campaign is to roll out new contract choice

our focus there outside of that summer jazz campaign is to roll out new contract choice


fiscal '19 and beyond has a chance to grow at a pretty accelerated rate based on the CAGRs that you've talked about in the past.

fiscal '19 and beyond has a chance to grow at a pretty accelerated rate based on the cagers that you've talked about in the past


need to maintain the metrics around, and we feel confident that we can continue to do that.

need to maintain the metrics around and we feel confident that we can continue to do that


Pest and Equipment Care were quite strong and expect to remain strong. Energy stabilized.

pets and equipment care were quite strong and expect to remain strong energy stabilized


And so if customers are going to push for shorter billing terms, they're going to end up paying for it with less discount.

and so if customers are going to push for shorter billing terms they're going to end up paying for it with less discount


on the ground. Do I need to bring in a product specialist? Do I need to bring in a vertical specialist? Do I need to bring in the Inspire team?

on the ground do i need to bring in a product specialist do i need to bring in a vertical specialist do i need to bring in the inspire team


We have taken a number of steps to address these issues and expect to have them resolved before year-end.

we have taken a number of steps to address these issues and expect to have them resolved before year-end


But what we've said is that we really haven't seen it. It didn't show up certainly in our order book in the first half of the year.

but what we've said is that we really haven't seen it it didn't show up certainly in our order book in the first half of the year


Thanks, Kelly. Today, I'll begin with a brief review of financial highlights from the fourth quarter,

thanks kelly today i'll begin with a brief review of financial highlights from the fourth quarter


The surplus and its resilience will remain the focus of our group capital reporting.

the surplus and its resilience will remain the focus of our group capital reporting


Now let's move to our performance for the 5 operating segments, starting with Zone Americas.

now let's move to our performance for the 5 operating segments starting with zone americas


relatively low awareness overall, and I think we should expect to see strong category growth and strong

relatively low awareness overall and i think we should expect to see strong category growth and strong


on our margin in the second half of the year. Moving now to customer lending.

on our margin in the second half of the year moving now to customer lending


Turning to our performance in the quarter. Sales growth was slightly above the bottom end of our guidance range.

turning to our performance in the quarter sales growth was slightly above the bottom end of our guidance range


And therefore, the assets will be also transacted at fair value. So we do not expect any hit from this transaction.

and therefore the assets will be also transacted at fair value so we do not expect any hit from this transaction


So we're not going to go into the minutia of each particular product and how many thousands of patients are in each particular product.

so we're not going to go into the minutia of each particular product and how many thousands of patients are in each particular product


We do anticipate pricing of our services to continue at current rates despite localized improvements to utilization,

we do anticipate pricing of our services to continue at current rates despite localized improvements to utilization


for further analysis using our data with NPI-C and as well as some of the other tools that we use in our study.

for further analysis using our data with npic and as well as some of the other tools that we use in our study


I'd like to provide you with details on the first quarter segment performance, beginning with the RMS segment.

i'd like to provide you with details on the first quarter segment performance beginning with the rms segment


But it's worked flawlessly this year. And the operational excellence that we've experienced at the operating company level

but it's worked flawlessly this year and the operational excellence that we've experienced at the operating company level


any of the 2 businesses to bear any extra losses. Give me another month or 2 and I will clarify everything for you, because

any of the 2 businesses to bear any extra losses give me another month or 2 and i will clarify everything for you because


to evaluate the company's performance and improve the comparability of results between reporting periods.


to spend a little more money on the front end to do some test sampling I think is a prudent thing to do.

to spend a little more money on the front end to do some test sampling i think is a prudent thing to do


among these activities are actually evaluation of business model in certain countries,


And the operating working capital was pretty good during the quarter.

and the operating working capital was pretty good during the quarter


Longer term, I'm excited of our growth opportunities and expect new products, new applications

longer term i am excited over growth opportunities and expect new products new applications


So let me start with a few comments on credit. We do provide a comprehensive set of credit and performance data monthly on our website.

so let me start with a few comments on credit we do provide a comprehensive set of credit and performance data monthly on our website


and also to 10 subsidiary offices demonstrating lean expanding beyond operations.


looks to be a bit of an understatement for Fluid Systems. The starting point looks a bit thin.

looks to be a bit of an understatement for fluid systems the starting point looks a bit thin


However, a full recovery will take time, and we are not prepared to forecast our financial results at this time.

however a full recovery will take time and we are not prepared to forecast our financial results at this time


we expect comparable store traffic and sales will likely continue to be somewhat volatile in the near term.


Thanks, Kirk. Before we turn the call over for questions, I'd like to comment on my interim status.

thanks kirk before we turn the call over for questions i'd like to comment on my interim status


we'll give -- we won't give them out ourselves. It wouldn't be appropriate, but we -- as I said, we do sometimes,

we'll give -- we won't give them out ourselves it wouldn't be appropriate but we -- as i said we do sometimes


Still in the early stages, and we will continue to upgrade the platform as we progress and build it out.

still in the early stages and we will continue to upgrade the platform as we progress and build it out


But the indexes are certainly looked at in terms of the value of the product.

but the indexes are certainly looked at in terms of the value of the product


E-Systems accounts for 40% of the backlog as we continue to increase market share

esystems accounts for 40% of the backlog as we continue to increase market share


In our diagnosis of the business, I've been deeply embedded with our global teams who create the customer offering.

in our diagnosis of the business i've been deeply embedded with our global teams who create the customer offering


that all of our noncore markets were to generate cash to support the growth of the derm market.

that all of our non-core markets were to generate cash to support the growth of the derm market


These data points lead us to conclude that having committed liquidity is a competitive advantage in today's market.

these data points lead us to conclude that having committed liquidity is a competitive advantage in today's market


issues at specific companies and their need to dispose of assets versus an overarching


and then obviously in terms of operations going forward as well. But we'll give much more guidance around that going forward once we

and then obviously in terms of operations going forward as well but we'll give much more guidance around that going forward once we


The results today provide confidence in the potential to commercialize the material gas resource in the region.

the results to date provide confidence in the potential to commercialize a material gas resource in the region


Our performance this quarter reflects our continuing progress in advancing our priority products and programs.

our performance this quarter reflects our continuing progress in advancing our priority products and programs


last year and this year we don't think that there's a difference in the overall situation because the regulations remain the same. And

last year and this year we don't think that there's a difference in the overall situation because the regulations remain the same and


for all amounts that you could be offered. But on the other hand, wouldn't it be a significant advantage for a company your size

for all amounts that you could be offered but on the other hand wouldn't it be a significant advantage for a company your size


We asked this question to your other competitors as well. I would like to understand what KT's position is with respect

we ask this question to your other competitors as well i would like to understand what katie's position is with respect


Part of the decrease relates to additional technicians that we added for our expansion efforts.

part of the decrease relates to additional technicians that we added for our expansion efforts


We are encouraged by our growing sale of UFS controller to Micron in the second quarter.

we are encouraged by our growing sale of ufs controller to micron in the second quarter


for the same period last year, primarily due to the placing of the Bakken Pipeline, Delaware Basin extension,

for the same period last year primarily due to the placing of the bakken pipeline delaware basin extension


please look at the bottom table. These are the exchange rates on which our forecast is predicated.

please look at the bottom table these are the exchange rates on which our forecast is predicated


we can make a difference and there is economic sense in participating in that.


It's hard for us to know exactly what percentage it's fueling.

it's hard for us to know exactly what percentage it's fueling


we certainly set targets for each of our sectors to improve retention rates.


we also see a lot of very good sales initiatives throughout the company.

but we also see a lot of very good sales initiatives throughout the company


This is partly the consequence of a material decrease in risk-weighted assets for the Colombian financial system.

this is partly the consequence of a material decrease in risk-weighted assets for the colombian financial system


is a broader volume with multiple customers as we go through the year and next year?

as a broader volume with multiple customers as we go through the year and next year


specific customers. We do that because we have all the IP and hardware needed.

specific customers we do that because we have all the ip in hardware needed


Customers have been supportive by conserving gas consumption. We continue to closely monitor Enbridge's progress.

customers have been supportive by conserving gas consumption we continue to closely monitor enbridge's progress


as a gift in this market, but we see very strongly that our efficiency focus

as a gift in this market but we feel very strongly that our efficiency focus


Today, we'll cover some of the highlights from the period and some key milestones you can look forward to in coming months.

today we'll cover some of the highlights from the period and some key milestones you can look forward to in coming months


The other piece of that purchase transportation line is really some additional solutions that we are providing to our customers.

the other piece of that purchase transportation line is really some additional solutions that we are providing to our customers


Our assumption in terms when we made the guidance was for flat pricing over last year's level.

our assumption in terms -- when we made the guidance was for flat pricing over last year's levels


and continued focus on improving agricultural yields for growing population and shrinking arable land base,

and continued focus on improving agricultural yields for a growing population and shrinking arable land base


So it becomes a hurdle for you when it comes to launching new businesses and new products.

so it becomes a hurdle for you when it comes to launching new businesses and new products


We're really focused on making sure that the innovation pipeline that came with Body Plus gets executed really well

we're really focused on making sure that the innovation pipeline that came with bodyplus gets executed really well


we had on hand. Focused also there to do the projects in the right way. That looks very promising and very good,

we had on hand focus also there to do the projects in the right way that looks very promising and very good


We expect the rate of organic sales to improve as the year progresses and comps get a bit easier.

we expect the rate of organic sales to improve as the year progresses and comps get a bit easier


we're reducing the prices to see if we can draw the customer back in and we're having a reasonable degree of success.


In the margins -- in the marketing spending area, we are making good progress on generating efficiencies as well

in the margins -- in the marketing spending area we are making good progress on generating efficiencies as well


paint in Home Depot or specifically PPG brands versus Behr?

paint in home depot or specifically ppg brands versus bear


and that we will continue to invest in to make the customer experience as convenient as possible, allowing us to continue to grow digital sales.

and that we will continue to invest in to make the customer experience as convenient as possible allowing us to continue to grow digital sales


proving our commitment with profitable growth and the strength of our unique business model.


which we now know didn't add incremental value to our business and negatively impacted our rate of growth.


Because we already help employees in virtually every industry and geography to realize their potential,

because we already help employees in virtually every industry and geography to realize their potential


Finally, this presentation may contain information with respect to the investment performance of certain of our funds and strategies.

finally this presentation may contain information with respect to the investment performance of certain of our funds and strategies


Regional growth in the quarter was also driven in part by certain factors not expected to continue in Vietnam and Malaysia.

regional growth in the quarter was also driven in part by certain factors not expected to continue in vietnam and malaysia


While also leveraging our strong maintenance expertise programs to extend the expected lives of our current fleet.

while also leveraging our strong maintenance expertise programs to extend the expected lives of our current fleet


more than double last year's result mainly due to the overall improvement in the performance of various mechanical projects.


right. I think the biggest problem is whether or not you can tuck that efficiently and effectively long-term

right i think the biggest problem is whether or not you can truck that efficiently and effectively long term


We will be thoughtful about these sales and expect to execute them as we find capital redeployment opportunities that meet our objectives.

we will be thoughtful about these sales and expect to execute them as we find capital redeployment opportunities that meet our objectives


So my long answer is, I think some of the growth and some of the wins that we've had would be built into that normal rate

so my long answer is i think some of the growth and some of the wins that we've had would be built into that normal rate


It has been an exceptionally busy and exciting time for Dicerna with a number of extremely important milestone achievements.

it has been an exceptionally busy and exciting time for gycerna with a number of extremely important milestone achievements


Good morning. My name is Josh, and I will be your conference operator today.

good morning my name is josh and i will be your conference operator today


Taken together, we expect the benefit of these items will build as we progress through the remainder of the year.

taken together we expect the benefit of these items will build as we progress through the remainder of the year


And the APEX-XC from a technical standpoint is a very good solution for his particular needs.

and the apex xc from a technical standpoint is a very good solution for his particular needs


am so bold to say that we're well prepared for that, and we have a profitability that would enable us

and so bold to say that we're well prepared for that and we have a profitability that would enable us


establish the milestones getting to that range? Or are we likely to see that

establish the milestones getting to that range are we likely to see that


I -- look at us and think it's similar. I think a city of our size becomes attractive because suddenly you've got

i look at us and think it's similar i think a city of our size becomes attractive because suddenly you've got


some of these projects go forward. When you talk to your clients, how are you helping them

some of these projects go forward when you talk to your clients how are you helping them


the market? Can you give us some color as to what we should expect that to be?

the market can you give us some color as to what we should expect that to be


Thank you for joining us this morning. That concludes our conference call. A replay of the call will be available for a limited time on our website later today.

thank you for joining us this morning that concludes our conference call a replay of the call will be available for a limited time on our website later today


interest rates move and, all of a sudden, volumes go back up. So what we do have is a refinement in our

interest rates move and all of a sudden volumes go back up so what we do have is refinement in our


That's what really determines though the profitability in any given period

that's what really determines though the profitability in any given period


We don't want to set that expectation, but we don't see any trend that anybody should be alarmed about

we don't want to set that expectation but we don't see any trend that anybody should be alarmed about


Let me start by saying that this has been a strong area of focus for quite some time.

let me start by saying that this has been a strong area of focus for quite some time


We are delighted to have them and all their employees as part of the Rollins group of leading pest control brands.

we are delighted to have them and all their employees as part of the rollins group of leading pest control brands


is resulting in expansion in our loan yields and net interest margins as prime and LIBOR increase.

is resulting in expansion in our loan yields and net interest margins as prime and libor increase


that we've been very proficient in using in Peru and it takes some time to really understand how to use this equipment

that we've been very proficient at using in peru and it takes some time to really understand how to use this equipment


We are excited about the opportunities we see to leverage our unique model and help support our advisers.

we're excited about the opportunities we see to leverage our unique model and help support our advisers


In addition, we expect to benefit from some of our product enhancements, which are scheduled to hit the floors in our fall deliveries.

in addition we expect to benefit from some of our product enhancements which are scheduled to hit the floors in our fall deliveries


National brands were up low single digits for the year, with particular strength in Nike,

national brands were up low single digits for the year with particular strength in nike


which was driven by the consistent high quality of loan portfolio and by the moderate loan growth in the second quarter,

which is driven by the consistent high quality of loan portfolio and by the moderate loan growth in the second quarter


And clearly, you have seen, we have a long track record of being very focused

and clearly you have seen we have a long track record of being very focused


Within industrial and multimarket, we are witnessing general softness across a range of power management and interface solutions.

within industrial and multi-market we are witnessing general softness across a range of power management and interface solutions


They may not be updated in the future. These statements are subject to risks and uncertainties as described in the company's SEC filings.

they may not be updated in the future these statements are subject to risk and uncertainties as described in the company's sec filings


for every single geography -- every single OEM in all the geographies that I mentioned in the prepared remarks.

for every single geography -- every single oem in all the geographies that i mentioned in the prepared remarks


Our September quarter Automotive business was modestly down, but slightly better than our expectations.

our september quarter automotive business was modestly down but slightly better than our expectations


if it becomes a significant increase. But that'll be a function of how our competitors behave,

if it becomes a significant increase but that will be a function of how our competitors behave


The majority of patients achieved normalization or near normalization of urinary oxalate levels,

the majority of patients achieves normalization or near normalization of urinary oxalate levels


As you can see, the actions we're taking to improve performance are delivering results.

as you can see the actions we're taking to improve performance are delivering results


we hope the industries and the cities can be better integrated.


Because we have internally developed capabilities ranging from innovation to platform development to manufacture,

because we have internally developed capabilities ranging from innovation to platform development to manufacture


due to increases in the average balance of our customers as well as higher charge-off of finance charges and late fees.


we're pretty far along in that. And especially as we continue to invest in the One V platform,

we're pretty far along in that and especially as we continue to invest in the 1v platform


Sales were up across the board in all products and regions, with particular strength in China and Korea.

sales were up across the board in all products and regions with particular strength in china and korea


You got India demonetization. You've got some of the weakness we saw and trade stock dynamics playing out of the Middle East

you got india's demonetization you've got some of the weakness we saw in trade stock dynamics playing out in the middle east


Our Gum business continue to grow and take share, and Milk and Chocolate performed in line with our expectations.

our gum business continued to grow and take share and milk and chocolate performed in line with our expectations


we see that to be very, very achievable. The only sensitivity to that is

we see that to be very very achievable the only sensitivity to that is


implementing store improvements, adding new retail locations and increasing our focus on our branded retail network.

implementing store improvements adding new retail locations and increasing our focus on our branded retail network


We will present the details of this plan to the market later this year. In the same guidance,

we will present the details of this plan to the market later this year in the same guidance


now ranking ninth on the Future 40 Responsible Leaders in Canada list, the highest ranking for an oil and gas company,

now ranking ninth on the future 40 responsible leaders in canada list the highest ranking for an oil and gas company


and continuing to eliminate less profitable SKUs. As a result of these initiatives,

and continuing to eliminate less profitable skus as a result of these initiatives


Is it fair to say that you had some that's opening later in the fourth quarter, that's kind of what it sounds

is it fair to say that you had some opening later in the fourth quarter that's kind of what it


There are a few key observations that influence our decision to pursue a broader modular strategy.

there are a few key observations that influenced our decision to pursue a broader modular strategy


and their passengers and then we make some direct sales to tourists that are in Alaska during the summer season.

and their passengers and then we make some direct sales to tourists that are in alaska during the summer season


That contract is set to expire at the end of September this year. The bids have been submitted.

that contract is set to expire at the end of september this year the bids have been submitted


For example, to serve some portions of this market, we are developing technologies such as MEMS and other game-changer solutions

for example to serve some portions of this market we are developing technologies such as mems and other game changer solutions


beyond that, I don't want to get ahead of ourselves and call any such

beyond that i don't want to get ahead of ourselves and call any such


When including the expected impact from the WIL acquisition, the revenue growth rate on a constant currency basis

when including the expected impact from the will acquisition the revenue growth rate on a constant currency basis


In addition, management will make forward-looking statements that are based on our current expectations, forecasts and assumptions

in addition management will make forward-looking statements that are based on our current expectations forecasts and assumptions


We do have some noise in there from quarter-to-quarter. Always I think the fourth quarter is a little bit higher than the rest of the year.

we do have some noise in there from quarter-to-quarter always i think that fourth quarter is a little bit higher than the rest of the year


we've got 2 factories in China that have a capacity problem because of China Tower.

we've got 2 factories in china that have a capacity problem because of china tower


to install the new equipment. So it is putting pressure on all of us. We're having to forestall some of the growth

to install the new equipment so it is putting pressure on all of us we're having to forestall some of the growth


a bit more in our capabilities to digitally enable all that advice with online goal tracking


with the bulk of this coming from retail channel and business line.


and it's because there's a dependency upon the MYC for maintenance of the signaling pathways and viability.

and it's because there's a dependency upon the mic for maintenance of the signaling pathways and viability


Participants in the Herbalife scheme, the distributors obtained their monetary benefits primarily from recruitment rather than the sale of goods and services

participants in the herbalife scheme that distributors obtain their monetary benefits primarily from recruitment rather than the sale of goods and services


an insurance company through before they recognize okay, there's quite a bit of interest and we're getting patient demand.

an insurance company through before they recognize okay there's quite a bit of interest and we are getting patient demand


The first quarter tax rate benefited from the adoption of new accounting rules for the treatment of taxes on equity compensation.

the first quarter tax rate benefited from the adoption of new accounting rules for the treatment of taxes on equity compensation


All told, it was a strong quarter. And I believe it is a testament to our diverse product offering and recurring revenue base.

all told it was a strong quarter and i believe it is a testament to our diverse product offering and recurring revenue base


in SYNERGY manufacturing equipment due to higher volumes as well as campus consolidation and plant network optimization activities.

in synergy manufacturing equipment due to higher volumes as well as campus consolidation and plant network optimization activities


particularly through investments aimed at growth in businesses where we can proactively leverage our strengths.


After the great recession, Manhattan was one of the few markets to attract construction financing due to its demand fundamentals.

after the great recession manhattan was one of the few markets to attract construction financing due to its demand fundamentals


Core is helping the client understand how the CO2 injection will affect the chemical and physical properties of the reservoir fluid

core is helping the client understand how the co2 injection will affect the chemical and physical properties of the reservoir fluid


and the customers will have an option or are having an option


our total equivalent volumes came in above the midpoint of our guidance range.

and our total equivalent volumes came in above the midpoint of our guidance range


We have some price increases already in effect and are in the midst of negotiations with additional customers.

we have some price increases already in effect and are in the midst of negotiations with additional customers


and all the way processing through. So we are excited to see the improvements. I mean, it's fairly dramatic when you think about

and all the way processing through so we are excited to see the improvements i mean it's fairly dramatic when you think about


Gross margin was impacted by unfavorable cost variances associated with lower production.

gross margin was impacted by unfavorable cost variances associated with lower production


With the second element that's important, we continue with the recent growth of the real estate business for Ripley Corp.

with the second element that's important we continue with the recent growth of the real estate business for ripley corp


In the countries, we're pushing both growth on services and efficiency

in the countries we're pushing both growth on services and efficiency


So in terms of profit, that was a big contributor.

so in terms of profits that was a big contributor


along with the strong potential presented by the new product offerings already developed or in development within the group.


We believe this business offers significant growth potential, and this consolidation will support these efforts.

we believe this business offers significant growth potential and this consolidation will support these efforts


Now that's appealing to customers who want absolute certainty. So they'll know the day they move in, what the dollar amount will be when they move out.

now that's appealing to customers who want absolute certainty so they know the day they move in what the dollar amount will be when they move out


These highlights underscore the magnitude of the transformation we've made as a company in a short period of time.

these highlights underscore the magnitude of the transformation we've made as a company in a short period of time


you always think it can happen faster than it otherwise takes, but the reality is I think we're always thinking long term.

you always think it can happen faster than it otherwise takes but the reality is i think we're always thinking long term


from the company's French and Italian subsidiaries, resulting from the large project orders that were booked in the prior fiscal year.

from the company's french and italian subsidiaries resulting from the large project orders that were booked in the prior fiscal year


Once again, thank you very much for taking your time to attend this conference call, and good afternoon to everyone. Bye

once again thank you very much for taking your time to attend the conference call and good afternoon to everyone


How are you guys thinking about that potential threat to your business and your ability to extract pricing?

how are you guys thinking about that potential threat to your business and your ability to extract pricing


For opening remarks and introductions, I will turn the conference over to Lisa Budtke. Lisa, please go ahead.

for opening remarks and introductions i will turn the conference over to lisa budkey lisa please go ahead


We fully expect to get this approved again sometime probably in the middle of this year. It is our hope

we fully expect to get this approved again sometime probably in the middle of this year is our hope


which was very exciting for us to be able to create that much innovation in a short period of time.


is an exceptionally strong technical and capable sales force, but the driver has been about

is an exceptionally strong technical and capable sales force but the driver has been about


where there was a competitive bidding situation and we lost typically for price that are all being looked at again.


you see the results of our focus on postpaid mobile, something that I have been mentioning a few times already in the last few calls.

you see the results of our focus on postpaid mobile something that i have been mentioning a few times already in the last few calls


has been taken out so that the best practices can be shared and put into a separate company.


Forward-looking statements involve a number of risks and uncertainties and TESSCO's results may differ materially from those discussed today.

forward-looking statements involve a number of risks and uncertainties and tessco's results may differ materially from those discussed today


Now in the Middle East, we already have a business. And we expect

now in the middle east we already have a business and we expect


we commissioned a qualitative and quantitative primary market research study with over 200 surgeons


Through existing partners alone, CDTi's technology has the potential to be deployed in 2 million vehicles per year.

through existing partners alone cdc-i's technology has the potential to be deployed in 2 million vehicles per year


some of the milestones that we have to achieve between now and FID are really starting to come into view.

some of the milestones that we have to achieve between now and fid are really starting to come into view


Our third priority is driving enhanced competitiveness and growth through cost reduction and innovation.

our third priority is driving enhanced competitiveness and growth through cost reduction and innovation


I mentioned some of the early benefits already. The fact that in the first few weeks we migrated the entire subscriber base

i mentioned some of the early benefits already the fact that in the first few weeks we migrated the entire subscriber base


So we're pleased with where we were in the quarter, thought we had the right balance, and obviously a tremendous leverage from a financial perspective,

so we're pleased with where we were in the quarter thought we had the right balance and obviously a tremendous leverage from a financial perspective


and the momentum continues to be very strong as RV manufacturers and dealers add capacity where necessary to meet growing demand.

and the momentum continues to be very strong as rv manufacturers and dealers add capacity where necessary to meet growing demand


Used vehicle results for the quarter were up modestly year-over-year. I'll discuss those results separately in a few minutes.

used vehicle results for the quarter were up modestly year-over-year i'll discuss those results separately in a few minutes


Today's discussion will contain forward-looking statements, which are based on assumptions we believe to be reasonable only as of today's date.

today's discussion will contain forward-looking statements which are based on assumptions we believe to be reasonable only as of today's date


we were making some progress with respect to raws from a pricing standpoint.


euro. Didn't see as much of that as we would have liked in the fourth quarter

euro didn't see as much of that as we would have liked in the fourth quarter


And then, that kind of segues into the second part of your question, which is the export part of the question.

and then that kind of segues into the second part of your question which is the export part of the question


It's also important to note that the company actually noted that the second trial has

it's also important to note that the company actually -- noted that the second trial has


To our employees who work so hard to achieve our goals, I'd like to personally thank you, again, for your efforts and commitment.

to our employees who work so hard to achieve our goals i'd like to personally thank you again for your efforts and commitment


And as a reminder, we also had the anticipated decline in Germany's revenues due to the difficult comp with the year ago.

and as a reminder we also had the anticipated decline in germany's revenues due to the difficult comp with a year ago


It's a real example of how we are driving customer engagement and ensuring that we remain clearly differentiated

it's a real example of how we're driving customer engagement and ensuring that we remain clearly differentiated


we'll do whatever it takes, whenever the right time is to create that value. We've always said we would be open

we'll do whatever it takes whenever the right time is to create that value we've always said we would be open


As we mentioned, we've seen a significant increase in new member sign-ups, and there's no question the big driver has been this new product and user experience.

as we mentioned we've seen a significant increase in new member sign-ups and there's no question a big driver has been this new product and user experience


The strong freight market provided noncontract revenue opportunities throughout the quarter and into January.

the strong freight market provided noncontract revenue opportunities throughout the quarter and into january


the breadth of capabilities that we bring to bear when we're investing is the most important aspect of making a decision.


We are clearly in a scenario under which the interest rate we grew by

we are clearly in a scenario under which the interest rates will grow by


and make the payment of the remaining 90% and the deal is closed out.


that was really caused by lower sales of corrugating medium and lower volume in our reels business.


and for the first time in 2 years, we are hopeful we won't see a significant winter weather impact to our operations.

and for the first time in 2 years we are hopeful we won't see a significant winter weather impact to our operations


Bristol-Myers for Opdivo and our diagnostic tests are actually very similar in terms of their results and

bristol myers squibb and our diagnostic tests are actually very similar in terms of their results and


it will come back and will pick up, but we see a couple movements with some major customers

it will come back and will pick up but we see a couple of movements with the major customers that


Consequently, the future of skincare is one of personalization of products and services.

consequently the future of skin care is one of personalization of products and services


So is that the way you look forward? Or you do not exclude that it could be more sizable? So if you could kind of

so is that the way you look forward or you do not exclude that it could be more sizable so if you could kind of


We encourage you to read the forward-looking statements disclaimer in our earnings release in addition to our quarterly and annual filings.

we encourage you to read the forward-looking statements disclaimer in our earnings release in addition to our quarterly and annual filings


For each new BEACON application, it's necessary for us to map our database to the database in the customer system.

for each new beacon application it's necessary for us to map our database to the database in the customer system


and on top benefited from the one-off gain from the sale of the mentioned building


Our focus will remain not just on what but on how. That's what scalable behavior change is.

our focus will remain not just on what but on how that's what scalable behavior change is


Please refer to our earnings release issued earlier today for a reconciliation of our non-GAAP adjustments.

please refer to our earnings release issued earlier today for a reconciliation of our non-gaap adjustments


We are moving slowly to becoming more of a digital and data business, and that capability is something we will build over time.

we are moving slowly to becoming more of a digital and data business and that capability is something we will build over time


This business is now firmly organized around market verticals, both in terms of sales and editorial.

this business is now firmly organized around market verticals both in terms of sales and editorial


But again a lot of what we're doing now. And I just think the investors have been missing this a bit, and we haven't been as clear.

but again a lot of what we're doing now and i just think the investors have been missing this a bit and we haven't been as clear


by the end of the year and you'll start to see that -- the benefits of that flow through. And one of the key reasons why we're doing that is not just

by the end of the year and you'll start to see that -- the benefits of that flow through one of the key reasons why we're doing that is not just


what they're able to do to bring even more power to our mission to connect Watch data with Buy data.

what they are able to do to bring even more power to our mission to connect watch data with buy data


we can work on getting scalability and operating leverage that we already believe we will be able to get.

we can work on getting scalability and operating leverage that we really believe we will be able to get


which excludes any anticipated dilution related to the planned acquisition of NOVADAQ Technologies.

which excludes any anticipated dilution related to the planned acquisition of novadak technologies


As we also discussed on the last call and for the following reasons, we believe the shortfall may be temporary

as we also discussed on the last call and for the following reasons we believe this shortfall may be temporary


In the wireless communication segment, for example, new rooftop and tower tenant sites continue to grow

in the wireless communications segment for example new rooftop and tower tenant sites continue to grow


So while there's a part of our income that was previously flow-through, and clearly, the

so while there's a part of our income that was previously flow-through and clearly the


partially offset by more favorable margins, favorable foreign exchange movements and lower operating expenses.

partially offset by more favorable margins favorable foreign exchange movements and lower operating expenses


a pause in the sales activity as a result of the proposed mergers.


It's not necessarily that we would do it, but we would -- we're considering it. And I think it's also important to say that

it's not necessarily that we would do it but we were considering it and i think it's also important to say that


Our easy to follow, convenient, proven program clearly resonate as an effective way to lose weight and improve your health.

are easy to follow convenient proven programs clearly resonate as an effective way to lose weight and improve your health


from our existing hotel clients, in part because of the ease of use of our new digital booking tool.

from our existing hotel clients in part because of the ease of use of our new digital booking tool


regularly is around the sustainability of your positioning within that market,


While our primary yardstick is financial performance, we are encouraged by the underlying trends reflected in unit growth.

while our primary yardstick is financial performance we are encouraged by the underlying trends reflected in unit growth


helped by the ongoing improvement in passenger numbers, but also by our initiatives to drive profitable sales.

helped by the ongoing improvement in passenger numbers but also by our initiatives to drive profitable sales


and that's true across lots of things that we sell in Wellbore Technologies. It was also true in Rig Technologies when

and that's true across lots of things that we sell in wellbore technologies it was also true in rig technologies when


As highlighted in the press release, momentum continues to build for our eVolve services with several new jobs secured during the quarter.

as highlighted in the press release momentum continues to build for our evol services with several new jobs secured during the quarter


which we need to think through while thinking about the future? And finally, just

which we need to think through while thinking about the future and finally just


product marketing and field marketing, having led teams at Stack Overflow, Microsoft

product marketing and field marketing having led teams at stack overflow microsoft


The U.S. enterprise business has always been a rock for us. The exception was the first half

the u s enterprise business has always been a rock for us the exception was the first half


Do I want to get ahead of something? And it's not technology -- what we would normally call a technology company.

do i want to get ahead of something and it's not technology -- what we would normally call a technology company


in order to have the state power to be comfortable that we watch statistical significance when we take a look.

in order to have the study power to be comfortable that we will have statistical significance when we take a look


I think we have a very clinical type of analyzing things, and we have been able to anticipate to demand.

we -- i think we have a very clinical type of analyzing things and we have been able to anticipate to demand


in the video on your website, you mention that you want to generate profits in every business line and market in which you operate.

in the video on your website you mentioned that you want to generate profits in every business line and marketing with your brand


in the quarter. Were there a couple of larger leases that you could flag out of this big volume?

in the quarter were there a couple of larger leases that you could flag out of this big volume


All projections are subject to risks and uncertainties, and actual results may differ materially.

all projections are subject to risks and uncertainties and actual results may differ materially


as we build these new projects, they will lead to additional opportunities just as the Tennessee system

as we build these new projects they will lead to additional opportunities just as the tennessee system


to the wellhead. So we view right now is kind of a wait and see. We think that lot of people have rushed in there

to the wellhead so we view right now as kind of a wait and see we think a lot of people have rushed in there


Of particular note regarding our internal pipeline, during the third quarter and subsequent period

of particular note regarding our internal pipeline during the third quarter and subsequent period


whether those are organically developed, whether they are partner solutions or whether we acquire them as we did in this case.

whether those are organically developed whether they are partner solutions or whether we acquire them as we did in this case


Finally, I'll discuss the launch of our new commercial programs, which we are now introducing to our existing and prospective clients.

finally i'll discuss the launch of our new commercial programs which we are now introducing to our existing and prospective clients


slightly down compared to the first quarter of '15 on a constant currency basis, primarily due to the decline in AG sales.

slightly down compared to the first quarter of '15 on a constant currency basis primarily due to the decline in ag sales


has a lot of complexities to it. And as you change over the pool -- pools of loans you've done the accounting for,

has a lot of complexities to it and as you change over the pool -- pools of loans that you've done the accounting for


for quality issues. So they wanted to get some assurance on that. They've also asked us to look at their entire supply chain risk management.

for quality issues so they wanted to get some assurance on that they've also asked us to look at the entire supply chain risk management


Yes, that is the bottom line. But I'll also repeat what I said in the script. There's obviously something going on with distraction,

yes that is the bottom line but i'll also repeat what i said in the script there's obviously something going on with distraction


of securing additional acquisition, development and construction loans without increasing our overall leverage.

of securing additional acquisition development and construction loans without increasing our overall leverage


Our team across our entire footprint continues to look for and challenge, but from a pricing

our team across our entire footprint continues to look for and challenge but from a pricing


To give you some perspective, our previous channel addressed about 13% of the industrial and commercial lighting market.

to give you some perspective our previous channel addressed about 13% of the industrial and commercial lighting market


We continue to pursue our strategy to diversify and grow the business through a disciplined acquisition program.

we continue to pursue our strategy to diversify and grow the business through a disciplined acquisition program


factor in all the talk about what's going to happen from a tax perspective at this point in time. Obviously, you know that. But

factor in y'all to talk about what's going to happen from a tax perspective at this point in time obviously you know that but


And so we did see a number of customers in Europe trade out their Sis for X product

and so we did see a number of customers in europe trade out their si's for x product


These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.

these statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations


into cash. I think the area we probably will need to see some investment is probably in the platforms to

into cash i think the area we probably will need to see some investment is probably in the platforms to


The Community Solar facility at the Montana plant is the first large-scale solar facility to be owned and operated by the company.

the community solar facility at the montana plant is the first large-scale solar facility to be owned and operated by the company


We have an obligation to serve. And therefore, it's imperative that we work together with our communities as they continue to expand.

we have an obligation to serve and therefore it's imperative that we work together with our communities as they continue to expand


I make the extension here under current accounting because next year, we will have

i make the extension here under current accounting because next year we will have


Thank you, JT, and thank all of you for joining the call this morning. It is great to be back on the ITG team.

thank you jt and thank all of you for joining the call this morning it is great to be back on the itg team


but more importantly, the ability to better position that business with an asset that they own.

but more importantly the ability to better position that business with an asset that they own


from every system and bring all of that data to wherever your customers are on every device. And so

from every system and bring all of that data to wherever your customers are on every device and so


I also would like to extend a warm welcome to those of you who are following today's conference online.

i also would like to extend a warm welcome to those of you who are following today's conference online


and are subject to a number of uncertainties, risks and other factors which may cause the actual results, performance or achievements

and are subject to a number of uncertainties risks and other factors which may cause the actual results performance or achievement


how that's unfolding? What the timing has been? And if you're seeing any response that you can discern?

how that's unfolding what the timing has been and if you're seeing any response that you can discern


To support this, in the last 3 years, we've put new leaders in over half of our top management positions.

to support this in the last 3 years we put new leaders in over half of our top management positions


The majority of these patients are dissatisfied with currently available treatment options, primarily OTC laxatives, and

the majority of these patients are dissatisfied with currently available treatment options primarily otc laxatives


is set to become a significant contributor to the business. So these things are now becoming

is set to become a significant contributor to business so these things are now becoming


over the last 5 consecutive December quarters. So it's not surprising that this quarter saw modest growth.

over the last 5 consecutive december quarters so it's not surprising that this quarter saw modest growth


via expansion into other industries that also utilize the same class of employees.


We will drive for a consistent manufacturing look and feel to quickly assimilate good ideas across the network.

we will drive for a consistent manufacturing look and feel to quickly assimilate good ideas across the network


Needless to say, promoting the deployment of fuel-efficient aircraft will help control fuel cost increases.

needless to say promoting the deployment of fuel-efficient aircraft will help control fuel cost increases


While confidentiality agreements bar us from disclosing details of these transactions prior to closing,

while confidentiality agreements bar us from disclosing details of these transactions prior to closing


and we expect to continue to extract additional benefit from these investments as we further enhance our production processes.


and possible opportunities with potential partners and collaborators, and guidance regarding cash usage.

and possible opportunities with potential partners and collaborators and guidance regarding cas usage


We remain, as always, focused on delivering transformative RNAi-based therapies to key patient populations

we remain as always focused on delivering transformative rnai-based therapies to key patient populations


In our Synodex business, we're focused on turning patient medical information into useful digital data.

in our synadex business we're focused on turning patient medical information into useful digital data


And we started doing it, because we thought we could learn more by understanding how our consumer is

and we started doing it because we thought we could learn more by understanding how our consumer is


which became effective October 3. At this stage, it's too early to evaluate the rule's ultimate impact.

which became effective october 3 at this stage it's too early to evaluate the rule's ultimate impact


so -- I don't know if that answers your question, but we continue to feel good about the underlying consumption performance of the portfolio.

so i don't know if that answers your question but we continue to feel good about the underlying consumption performance of the portfolio


You obviously grown strongly in that market. How you think that market is developing? If there is any risk

you've obviously grown strongly in that market how you think that market is developing if there is any risk


A great combination and we would suggest compelling investment proposition by any measure.

a great combination and we would suggest compelling investment proposition by any measure


to maximize their netbacks. In other words, our projects provide real value to producers.

to maximize their netbacks in other words our projects provide real value to producers


how much of the general purpose 3D scanning market is going to be available to us. And it's really too early for us to

how much of the general purpose 3d scanning market is going to be available to us and it's really too early for us to


customer cancellations and production bottlenecks leading to lower margins than expected.


value packaging or perhaps slowing the pace of new products or the pursuits of these white space opportunities you mentioned?


During that Investor Day, we laid out some themes that are important to us. We talked about how we are

during that investor day we laid out some themes that are important to us we talked about how we are


The Martha brand has incredible reach and engagement online and across its media platform.

the martha brand has incredible reach and engagement online and across its media platform


as well as broader industry sales pressures, including the continued impact of the Department of Labor Fiduciary Rules.

as well as broader industry sales pressures including the continued impact of the department of labor fiduciary rules


Walmart spent 5 months testing our batteries at room temperature and also in cold warehouses.

walmart spent 5 months testing our batteries at room temperature and also in cold warehouses


We define free cash flow as cash from operations less capital expenditures and excluding special items.

we defined free cash flow as cash from operations less capital expenditures and excluding special items


Since the beginning of the second quarter and shortly after we expanded operations in the Americas region,

since the beginning of the second quarter and shortly after we expanded operations in the americas region


from the time we take an order until the time we build it by doing that. And that's a major benefit to us. It

from the time we take an order until the time we build it by doing that and that's a major benefit to us


at the Chinese ports tick up a bit, and that certainly happened. But in terms of the China demand,

the chinese ports tick up a bit and that certainly happened but in terms of the china demand


Beginning with the period post spin from the company's former parent and in conjunction with the execution of new agreements,

beginning with the period post-spin from the company's former parent and in conjunction with the execution of new agreements


I mean, we are seeing increases in certain things related to corporate expenses as we continue to absorb the lease costs here,

i mean we are seeing increases in certain things related to corporate expenses as we continue to absorb the lease cost here


some of the movement here actually was never anticipated when we put this together and I think it speaks to

some of the movement here actually was never anticipated when we put this together and i think it speaks to


So the denominator in fourth quarter growth percent is a little stronger than it had been in the other quarters. That's all.

so the denominator in fourth quarter growth percent is a little stronger than it has been in the other quarters that's all


detailed engineering, with a plan to be at 90% level of detailed engineering or better before the end of the year

detailed engineering with a plan to be at a 90% level of detailed engineering or better before the end of the year


A. I've more to speak about on the coming quarters, but at first glance, if you look at the REIT side of our business as the growth area,

i have more to speak about in the coming quarters but at first glance if you look at the reit side of our business as the growth area


with record revenue and net new actives, and we are well positioned to continue that growth.

with record revenue and net new actives and we are well positioned to continue that growth


There's an indie games opportunity that we see that Game Trust is just a part of it.

there's an indie games opportunity that we see that game trust is just a part of it


This is all growth and opportunities that won't be lost to shareholders under the MTY combination.

this is all growth and opportunity that won't be lost to shareholders under the mty combination


Is there any increased sense of urgency to pursue any of these kind of paths?

is there any increased sense of urgency to pursue any of these kind of paths


we are raising our Q4 outlook versus what was implied in the annual expectations provided on our last earnings call.

we are raising our q4 outlook versus what was implied in the annual expectations provided on our last earnings call


where the timing of order approvals, particularly by government entities, can be difficult to predict.

where the timing of order approvals particularly by government entities can be difficult to predict


That said, it has very restricted expression in healthy tissues making it a promising target for antibody-mediated therapy.

that said it has very restricted expression in healthy tissues making it a promising target for antibody-mediated therapy


which have been shown to correlate with greater magnitude of treatment effect from checkpoint inhibitors in other clinical studies.


potentially as soon as the end of the year. In addition, given the scope of the combination approaches we want to explore,

potentially as soon as the end of the year in addition given the scope of the combination approaches we want to explore


because now that physician has seen the entire process all the way through. And as Tim mentioned in his prepared comments,

because now that physician has seen the entire process all the way through and as jim mentioned in his prepared comments


in those markets. And they're using price in many cases to try to get early access into the marketplace

in those markets and they're using price in many cases to try to get early access into the marketplace


and the need to make existing reactors significantly more competitive with other sources of energy.


And then we had to kind of start to rebuild the assortment and rebuild operations in the field.

and then we had to kind of start to rebuild the assortment and rebuild operations in the field


I don't think it changes much in the things that we do day in, day out, but I do think

i don't think it changes much in the things that we do day in and day out but i do think


We believe that there are potential commercial as well as capital market benefits from size.

we believe that there are potential commercial as well as capital market benefits from size


serving the immediate needs of their customers while, at the same time, minimizing the risk associated with any change to these systems.

serving the immediate needs of their customers while at the same time minimizing the risk associated with any change to these systems


It's not just the management of formulary, it is also the management of individual patient choice as we see these new products come out.

it's not just the management of formulary it is also the management of individual patient choice as we see these new products come out


Looking forward, based upon our existing production and delivery schedules, we expect to generate modest

looking forward based upon our existing production and delivery schedules we expect to generate modest


But we've also changed our strategy so much in the past few years and this is where we see ourselves going forward,

but we've also changed our strategy so much in the past few years and this is where we see ourselves going forward


We do think that the new rules of ECB may represent an opportunity for Compass because

we do think that the new rules of ecb may represent an opportunity for compass because


We encourage you to review the company's annual and quarterly public filings on SEDAR or on the company's website.

we encourage you to review the company's annual and quarterly public filings on sedar or on the company's website


marking our best quarter ever for products revenue and our fifth consecutive quarter of record product revenue.

marking our best quarter ever for product revenue and our fifth consecutive quarter of record product revenue


to be able to bring our platform and frameworks to the next level. So on an average, one can -- it's reasonable to assume

to be able to bring our platform and frameworks to the next level so on an average one can it's reasonable to assume


in our launch plans, and we remain confident in our ability to grow Nature's Recipe in this space.

in our launch plans and we remain confident in our ability to grow nature's recipe in this space


Okay. And going back to the strengths that you guys are seeing in Brazil and Latin America,

okay and going back to the strength that you guys are seeing in brazil and latin america


Our guidance numbers imply flat to slightly down ag sales for our products on a global basis

our guidance numbers imply flat to slightly down ag sales for our products on a global basis


This decrease was primarily driven by lower sales in the process systems business unit within Diversified Products.

this decrease was primarily driven by lower sales in the process systems business unit within diversified products


Our progress towards operational excellence throughout the year was highlighted by the transformation of our Canadian business.

our progress towards operational excellence throughout the year was highlighted by the transformation of our canadian business


This was an opportunistic addition based on attractive contracting terms. We expect to average about 12 rigs

this was an opportunistic addition based on attractive contracting terms we expect to average about 12 rigs


We launched comfort bowls. And we're also optimizing our trade promotion. So overall, what we are seeing is that the brand is healthier

we've launched comfort bowls and we're also optimizing our trade promotion so overall what we are seeing is that the brand is healthier


customers and I'd say some of the areas around deregulation will be helpful as well

customers and i'd say some of the areas around deregulation would be helpful as well


Yes, I'd say it's principally that there are some technologies they just turned off because of their cash

yes i'd say it's principally that there are some technologies they just turned off because of their cash


but we're still in the early innings of enterprise transformation and a lot of opportunity remains.


how should we think about the fees you're paying or the percentages for sales and commissions


Please note that today's call is being recorded and is also being broadcast live over the Internet on the Sabre corporate website.

please note that today's call is being recorded and is also being broadcast live over the internet on the sabre corporate website


obviously, we've been putting on those forward contracts into a falling oil price market. So that will be

as obviously we've been putting on those forward contracts into a falling oil price market so that will be


We are continuing to work on improving reliability, improving all of our performance levels

we are continuing to work on improving reliability improving all of our performance levels


As Chris mentioned, in August, the New Jersey Board of Public Utilities approved the settlement authorizing Atlantic City Electric

as chris mentioned in august the new jersey board of public utilities approved the settlement authorizing atlantic city electric


And on top of that, I would like to remind you that this presentation contains forward-looking statements,

and on top of that i would like to remind you that this presentation contains forward-looking statements


And so we do feel like we were able to incorporate feedback and gain support from both regions as we design the program. So

and so we do feel like we were able to incorporate feedback and gain support from both regions as we designed the program so


We undertook further work to enable customer accounts to capture customer usage data as part of our personalization work.

we undertook further work to enable customer accounts to capture customer usage data as part of our personalization work


When we've had those kind of things, you do get more first quarter business on your open footwear than you would normally get.

when we've had those kind of things you do get more first quarter business on your open footwear than you would normally get


The potential here extends beyond just Devon and also to the many other operators with assets in the region.

the potential here extends beyond just devon and also to the many other operators with assets in the region


I would say that each is a little different when you think about those MVCs on how to project those forward.

i would say that each is a little different when you think about those mvcs on how to project those forward


to quarter. And that's why we guide around 20, and we can see some quarterly volatility due to some of those other factors that you mentioned.

and that's why we guide around 20 and we can see some quarterly volatility due to some of those other factors that you mentioned


The comments around where gas prices are going if they go up, absent discipline by the industry

the comments around where gas prices are going if they go up absent discipline by the industry


This fragile economic environment increases the potential of the tightening-easing cycle by the Fed similar

this fragile economic environment increases the potential of a tightening-easing cycle by the fed similar


here in the fourth quarter to ground the Classics. And in order to

here in the fourth quarter to ground the classics and in order to


like wellness and fitness services, food and beverage and other entertainment options.

like wellness and fitness services food and beverage and other entertainment options


This success we are experiencing in our public carrier market is evidence that we are beginning to win more business.

this success we are experiencing in our public carrier market is evidence that we are beginning to win more business


with additional talent, new facilities to service the wide diversity of our clients.

with additional talent new facilities to service the wide diversity of our clients


it's an efficient business. So it's one that has nice operating margins that's highly consistent with the rest of the business,

it's an efficient business so it's one that has nice operating margins that's highly consistent with the rest of the business


We continue to focus on delivering top-tier performance and expect continued growth in Speedway earnings as we drive

we continue to focus on delivering top-tier performance and expect continued growth in speedway earnings as we drive


Attractive global feedstock availability and margins are driving resurgence in the Middle East and Europe.

attractive global feedstock availability and margins are driving resurgence in the middle east and europe


we are confident our recent service initiatives will help drive continued improvements across our entire portfolio.

and we are confident our recent service initiatives will help drive continued improvements across our entire portfolio


That can be taken into various categories that can remain very profitable.

that can be taken into various categories that can remain very profitable


competitors who, I would say, are more focused on growing rental and more focused on rental as really being the core

competitors who i would say are more focused on growing rental and more focused on rental as really being the core


We are executing our strategic initiatives in line with our plans and delivering against our financial and operating targets.

we are executing our strategic initiatives in line with our plans and delivering against our financial and operating targets


which Chris can allude to. If we can actually get that to work, absolutely right, you can convert Mponeng into a Sunrise

which chris can allude to if we can actually get that to work absolutely right you can convert imponex into a sunrise


Now in prior calls, we have defined what an unattractive price would be from a range,

now in prior calls we have defined what an unattractive price would be from a range


having the right people onboard, who want to go a new way and want to succeed. And that takes time. And we are

having the right people on board who want to go a new way and want to succeed and that takes time and we are


So overall from an equity standpoint, there'll be considerable difference in our equity base compared to the prior year.

so overall from an equity standpoint there'll be considerable difference in our equity base compared to the prior year


We really are just emphasizing looking for specialty deals that add technology or

we really are just emphasizing looking for specialty deals that add technology or


We've managed our debt structure efficiency -- efficiently and made incremental investments to drive performance.

we've managed our debt structure efficiency -- efficiently and made incremental investments to drive performance


and ocean freight arrivals were delayed into the Port of Houston for products enroute to our Oklahoma distribution facility.

and ocean freight arrivals were delayed into the port of houston for products in route to our oklahoma distribution facility


in difficult times, it's hard to adjust the level that we would like given that revenues could

in difficult times it's hard to adjust the level that we would like given that revenues could


But what I will emphasize is that part of the synergy for cloud computing

but what i will emphasize is that part of the synergy for cloud computing


And as mentioned already, we continue to see increases in the raw material prices,

and as mentioned already we continue to see increases in the raw material prices


blast cell count type increases and everything in the Phase 2 has already been reported

blast cell count type increases and everything that -- in the phase ii has already been reported


The cash flow will allow us to invest and pay dividends even though the markets are difficult.

the cash flow to allow us to invest and pay dividends even though the markets are difficult


in the Oil Liquids business in all regions and in the LNG business.

in the oil liquids business in all regions and in the lng business


But even more importantly, knowing what drives your score can help you make smarter financial decisions and not only improve your score but also your financial health.

but even more importantly knowing what drives your score can help you make smarter financial decisions to not only improve your score but also your financial health


During your second question regarding other items, as a matter of fact,

during your second question regarding other items as a matter of fact


mobile business as far as either a percentage or a revenue amount

mobile business as far as either a percentage or revenue amount


We are enhancing our enablement programs and growing technical sales teams to elevate our positioning among prospective customers.

we are enhancing our enablement programs and growing technical sales teams to elevate our positioning among prospective customers


As I mentioned a little bit earlier, we do expect to come off a little bit in the fourth quarter in that segment

as i mentioned a little bit earlier we do expect to come off a little bit in the fourth quarter in that segment


as we invested in growth through both competitive pricing and capabilities in digital and commercial teams.


But it is quite regrettable that this measure is solely focusing or targeting against the telecom companies.

but it is quite regrettable that this measure is solely focusing or targeting against the telecom companies


and progress within our corporate alliance partnerships has led to an increase in student enrollments in these areas.


entry criteria, which opens up another sizable portion of the population of HAE patients.

entry criteria which opens up another sizable portion of the population of hae patients


impact of slowing global growth and increasing leverage has also affected monetary policy.

the impact of slowing global growth and increasing leverage has also affected monetary policy


related investments would decline somewhat and the tax rate would go up a little bit. Is that

related investments would decline somewhat and the tax rate would go up a little bit is that


We continue to be encouraged by the progress we're making to execute against this clear and focused strategy.

we continue to be encouraged by the progress we're making to execute against this clear and focused strategy


already looks pretty fast? Or is there an element of pricing consideration in there as well when you think about prevention versus treatment? All

already looks pretty vast or is there an element of pricing consideration in there as well when you think about prevention versus treatment


Taking all of this into account, what would you say the pro forma EBITDA is of the network now?

taking all of this into account what would you say the pro forma ebitda is of the network now


So I don't think we look at any one of those as significantly large but they typically screen pretty high

so i don't think we look at any one of those as significantly large but they typically screen pretty high


At the same time, we believe ongoing cash flow generation from Solutions and Specialty Property

at the same time we believe ongoing cash flow generation from solutions and specialty property


Now I'll move over to a summary of the consolidated performance for the quarter. On a comparable basis,

now i'll move over to a summary of the consolidated performance for the quarter on a comparable basis


this deal we did with MetLife, and there's a significant pipeline behind that. These are really important

this deal that we did with metlife and there's a significant pipeline behind that these are really important


the commodity environment was becoming more favorable. So we did end up on the lower end of the range that we discussed at the last call.

the commodity environment was becoming more favorable so we did end up on the lower end of the range that we discussed at the last call


Additional information will be available when we file our Form 10-Q with the Securities and Exchange Commission.

additional information will be available when we file our form 10-q with the securities and exchange commission


between all of our sites and can see the flow of materials. As you know, we've got a highly integrated structure where

between all of our sites and can see the flow of materials as you know we've got a highly integrated structure where


We are working closely with Aquilo Partners to identify and evaluate potential product development candidates.

we are working closely with aquila partners to identify and evaluate potential product development candidates


So thank you very much indeed for listening to our presentation, and we look forward to taking your questions.

so thank you very much indeed for listening to our presentation and we look forward to taking your questions


As you might expect, lower vendor incentives had a significant impact on our fourth quarter results.

as you might expect lower vendor incentives had a significant impact on our fourth quarter results


Right. And does that represent a certain share of what you see out there? Or is that just a

right and does that represent a certain share of what you see out there or is that just a


and I think that's the justification that our model at the moment is very robust. A lot of people said where are the high comps and this and that.

and i think that's the justification that our model at the moment is very robust a lot of people said well the high comps and this and that


for a number of reasons that we fully explained in our press release and in our Form 10-Q to be filed later today.

for a number of reasons that we fully explain in our press release and in our form 10-q to be filed later today


any substantial costs in connection with the 3 organization. This is more

any substantial costs in connection with this reorganization this is more


Market dynamics and our introduction of new Delta premium connections set this business up for a stronger second half of 2018 and

market dynamics and our introduction of new delta premium connections set this business up for a stronger second half of 2018 but


but not trying to do all the same -- not trying to feed everyone from the same spoon, from the same facility, if you will.

but not trying to do all the same -- not try to feed everyone from the same food from the same facility if you will


Instead, as we move through this transition, we believe the best metrics to gauge the progress of our business

instead as we move through this transition we believe the best metrics to gauge the progress of our business


and we are pleased with the rapid pace of execution against our strategic plan. As always,

and we are pleased with the rapid pace of execution against our strategic plan as always


From a retail perspective, redemptions have been improving since the fourth quarter of last year on the back of improving performance.

from a retail perspective redemptions have been improving since the fourth quarter of last year on the back of improving performance


and track records of consistent outperformance will be among the relatively small number of big winners.


of the good guy and, so to say, the addition of the costs. But it's actually quite a significant shift

of the good guy and so to say the addition of the costs but it's actually quite a significant shift


And we're not aware of what they do internally in every case, but we would expect them on the reinsurance

and we're not aware of what they do internally in every case but we would expect them on the reinsurance


such as the complete overhaul of supply chain management systems


and our state political process engagement were 2 incremental


Now let's take a look at our operating company's performance where I'll discuss adjusted results, where applicable.

now let's take a look at our operating company's performance where i'll discuss adjusted results where applicable


power kind of power modules where we work with external partners.


We had strong financial results. We will give you specifics later in the call.

we had strong financial results lee will give you specifics later in the call


Though with the exception of a minority of headline project, the majority of these initiatives are generally smaller in

but with the exception of a minority of headline projects the majority of these initiatives are generally smaller


the general outlook is very positive from an economic standpoint and from a commercial real estate


some capacity to look for opportunities in the market if they arise and obviously at the right value.


We are steadily pursuing this core strategy for our existing product domains.

we are steadily pursuing this core strategy for our existing product domains


It will have the pixel density that's needed. It's designed for the optics that this company is

it will have the pixel density that's needed it's designed for the optics that this company is


the things that are necessary, which include hiring back salespeople, building out the appropriate product structure

the things that are necessary which include hiring back salespeople building out the appropriate product structure


Asset servicing results were helped by the strong markets and new business, particularly in collateral management.

asset servicing results were helped by the strong markets and new business particularly in collateral management


as our loans and securities reprice. Additionally, we expect to continue to harvest cost savings from our recent merger integrations.

as our loans and securities reprice additionally we expect to continue to harvest cost savings from our recent merger integrations


As far as additional clinical work, we actually don't have to perform additional clinical trials. So that's

as far as additional clinical work we actually don't have to perform additional clinical trials so that's


we have plenty of liquidity to repay this maturity without needing to access the term debt market.